October 2018 Newsletter: The Facts and Figures of Planning for Retirement

October 2018

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THE FACTS & FIGURES OF
PLANNING FOR RETIREMENT

During a Home Transition, there are many costs to consider. For most Americans, their home is their largest asset, and also their largest expense. There are many nuances that factor into a late-life move, and many times families find themselves overwhelmed and short on time and resources. Hiring a professional to guide and plan the process not only eliminates stress but extra expenses as well, allowing the family to take advantage of their largest asset - the home.

While many experts recommend downsizing for financial and health reasons, the decision isn't so clear-cut for most seniors. Need help weighing potential pros and cons of downsizing? Weigh the pros and cons on this list.

"Most Americans will need some type of long-term care in their old age. For those moving to a senior living facility that provides some level of care — from weekly housekeeping to daily assistance or dementia care — selling their home to fund senior living and care may be their best choice..."